After purchasing a cell phone online, Mary attempts to sell the phone for $325. If this was a markup of 24%, how much did Mary originally buy the phone for?
Accepted Solution
A:
Answer:Mary bought the phone for 1350Step-by-step explanation:The price mary bought the phone shall 100%$325 is 24% of the price which she bought it.So if $325 is equal to 24% , what shall 100 percent represent?In order to find the answer to this, we cross multiply as follows;24% = $325100% = ?cross multiply the above to get,( 325 * 100 ) / 24The abouve gives us the answer 1350So 1350 is the original buying price of the phone.